VAST Data raising hundreds of millions of dollars at more than $9 billion valuation
VAST Data raising hundreds of millions of dollars at more than $9 billion valuation
The Israeli-founded startup unveiled earlier this year the VAST Data Platform, a global data infrastructure offering, unifying storage, database and virtualized compute engine services in a scalable system that was built from the ground up for AI
Data platform software company VAST Data is raising hundreds of millions of dollars at a valuation of over $9 billion, The Information has reported. Fidelity Investments will lead the round, which is also set to include a secondary element, with participation of venture capital firms NEA and Bond.
VAST Data completed an $83 million series D led by Tiger Global Management at a post-money valuation of $3.7 billion in May 2021. That valuation was three times more than what the company received the previous April. The round included an investment from Nvidia.
VAST, founded in 2016 by Israeli entrepreneurs Renen Hallak and Shachar Fienblit, has developed a platform that aims to accelerate time-to-insight for workload-intensive applications, such as AI models. The VAST data platform delivers scalable performance, simple data management and enhanced productivity.
Earlier this year it unveiled the VAST Data Platform, a global data infrastructure offering, unifying storage, database and virtualized compute engine services in a scalable system that was built from the ground up for AI.
